„Utenos trikotažo“ revenue fell by 8%: what caused the loss?

„Utenos trikotažo“ revenue fell by 8%: what caused the loss?

The company recorded a net loss of 470 thousand euros, compared to a net profit of 144 thousand euros a year ago, Utenos trikotažas reported on Friday.

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Nomeda Kaučikienė, CEO of Utenos trikotažas, says that the second quarter in the textile and clothing sector is traditionally slower, and in addition to the usual seasonality, there was increased uncertainty in international markets.

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